The Ether Machine has acquired nearly 15,000 Ethereum (ETH) for $56.9 million, raising its total Ethereum holdings to 334,757 ETH, valued at approximately $1.28 billion. This significant purchase positions the newly formed company as the third largest holder of Ethereum, surpassing the Ethereum Foundation. The Ether Machine, established through a merger between The Ether Reserve, LLC and Dynamix Corporation, aims to provide institutional exposure to Ethereum while planning to expand its holdings through staking and decentralized finance (DeFi). The company's investments come amidst a shifting trend where investors are increasingly favoring corporate treasuries over traditional exchange-traded funds (ETFs) for Ethereum exposure, given the advantages of access to staking rewards. The Ethereum Foundation now retains ETH worth $899.8 million, placing it behind Bitmine Immersion Tech and SharpLink Gaming, the largest ETH holders.

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